HERE’S THE TRUTH: Unless you’re emancipated, serving within the army, married or have kids that you simply help (greater than 50 p.c), in case you are age 24 or youthful, you may want your dad and mom’ info with a purpose to obtain federal student assist. Even when you do not reside along with your dad and mom, even when your dad and mom aren’t paying so that you can go to highschool – you’re nonetheless thought-about a dependent. If you’re a JJC student, contact the Financial Aid Office at (815) 280-2528 for extra info.
Myth #4: The sum of money I obtain from the FAFSA my first 12 months goes to be the identical quantity I obtain yearly.
HERE’S THE TRUTH: The sum of money you obtain is predicated in your revenue and your dad and mom’ revenue every year (along with different components resembling family measurement) so that does not essentially imply you may obtain the identical quantity every year.
Myth #5: My dad and mom make an excessive amount of cash, so I will not qualify.
HERE’S THE TRUTH: You can qualify for federal student assist which incorporates: grants, loans, work examine, and/or SEOG. All students are eligible for federal student loans regardless of how a lot their dad and mom make (so long as all different eligibility necessities are met). For extra info, click on right here.
Myth #6: If I take out a student loan, I’m not going to have the ability to afford the funds after commencement.
HERE’S THE TRUTH: You do not have to begin paying again your federal student loans till six months after you graduate*. If you possibly can’t afford your month-to-month student loan cost every month, do not sweat it. You might qualify for a unique reimbursement plan and all it’s a must to do to search out out is contact your loan servicer. Click right here to find out about completely different reimbursement plans, resembling customary, income-based and pay-as-you-earn.
*or when you drop under six credit hours
Want to use for the FAFSA for the 2019-2020 faculty 12 months?
You can fill out the FAFSA between Oct. 1, 2018 and June 30, 2020. Remember: the sooner you apply, the higher your chances are high of not lacking any state or scholarship deadlines.
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